BAT Risk

BASIC ATTENTION TOKEN (BAT)
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DESCRIPTION

Basic Attention Token (BAT) is an Ethereum-based cryptocurrency designed to improve the efficiency of digital advertising by incentivizing user attention and engagement. Developed by Brendan Eich, the creator of JavaScript and co-founder of Mozilla, BAT is integrated into the Brave web browser, which rewards users with BAT for viewing privacy-respecting ads and allows them to support content creators.BAT aims to address the inefficiencies and privacy concerns prevalent in the digital advertising industry by providing a transparent and decentralized platform for advertisers, publishers, and users. By leveraging blockchain technology, BAT enables more efficient and targeted advertising while ensuring user privacy and data ownership.One of the unique features of BAT is its Brave Rewards ecosystem, which enables users to earn BAT by opting in to view advertisements and then use the earned tokens to support their favourite content creators or redeem rewards within the Brave browser.
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Basic Attention Token (BAT) Whitepaper: https://basicattentiontoken.org/static-assets/documents/BasicAttentionTokenWhitePaper-4.pdf
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RISKS OF BAT

Any investment in cryptocurrency and digital assets, such as BAT, can include the following general risks:(i) Volatility risk and liquidity risk(ii) Regulatory risk(iii) Security risk(iv) Market risk(v) Smart contract risk(vi) Governance risk(vii) Technological riskFor additional information on risks associated with cryptocurrency and digital assets, you may refer to the Satstreet Inc Services Risk Statement. Please note that these risks and the associated summaries or overviews provided for each herein are not intended to be a complete overview of all such risks, and there may be other risks associated with exposure to BAT. We encourage all users to perform their own due diligence to assess the risks associated with BAT and to determine whether this level of risk is acceptable to them. Neither BAT nor Satstreet guarantees the value of BAT, and holders of BAT will not have any recourse to BAT or Satstreet if the value of BAT declines for any reason whatsoever.

SATSTREET EVALUATION OF BAT

Satstreet Inc. has reviewed and assessed BAT prior to making it available through our services and has concluded that BAT is not a security or derivative under Canadian securities legislation; however, there is a risk that this conclusion could change in the future and that, in such event, Satstreet will be required to halt, suspend, and then remove BAT from its platform as described in the Satstreet Inc. Services Risk Statement.Further, as indicated above, no Canadian securities regulatory authority has expressed an opinion about BAT, including an opinion that BAT is not itself a security and/or derivative. Based on publicly available information, Satstreet has reviewed BAT, including, but not limited to, a review of the following: The creation, governance, usage, and design of BAT, including the source code, security, and roadmap for growth in the developer community and, if applicable, the background of the developer(s) that created BAT. The supply, demand, maturity, utility, and liquidity of BAT. Material technical risks associated with BAT, including any code defects, security breaches, and other threats concerning BAT and its supporting blockchain (such as the susceptibility to hacking and impact of forking), or the practices and protocols that apply to them. Legal and regulatory risks associated with BAT, including (i) any pending, potential, or prior civil, regulatory, criminal, or enforcement action relating to the issuance, distribution, or use of BAT, and (ii) statements made by any securities regulatory authorities in Canada, other regulators in IOSCO-member jurisdictions, or the regulator with the most significant connection to BAT about whether BAT, or generally about whether the type of crypto asset, is a security and/or derivative.

Last Updated: Mar 2024

Risk Statements

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